India Development News & Foreign Investment Opportunities

Uttarakhand best in ease of doing business

Punjab offers peaceful industrial relations

0

Punjab offers peaceful industrial relations

 

Uttarakhand Chief Minister Rawat (centre in brown jacket) and India’s High Commissioner to Singapore addressing media.

 

Uttarakhand has been ranked amongst the best states in the country on ease of doing business and is the first Hill states to simplify the processes for starting a business, said the state Chief Minister Trivender Singh Rawat.

He led the north Indian states in the first ever overseas investment and technology seeking campaign in Singapore on 4 Sept 2018.

It was organized by Confederation of Indian Industry (CII) in partnership with Indian High Commission in Singapore.

The state, which was formed in 2000 with ‘zero industrial base’, has today emerged as one of the prime destinations for investments. The State Government has identified the land and infrastructure for fulfilling the needs of focus sectors such as renewable energy, Biotechnology and Information Technology, said Rawat.

Uttarakhand has become a ‘Preferred Investment Destination’ for large businesses due to the integration of a rich ecosystem, highly skilled workforce, high technical expertise, continuous innovation and business friendly policies, stressed the Chief Minister.

On leveraging India Singapore Relations, Rawat highlighted that since both the countries have signed 8 agreements in the fields of training of public service officials, cyber, security, Narcotics control, and defence co-operation, Uttarakhand can be seen as ideal destination for setting up business in these areas.

The Invest North delegation from Punjab offered peaceful industrial relation with least number of labour unrest, assured Manpreet Singh Badal, Finance, Planning & Employment Generation Minister.

To attract fresh investments, State Government recently came up with enabling policy regime and incentives such as rationalization of the power rates from Rs.7.60 per unit to a flat Rs.5.0 per unit, he elaborated.

Meanwhile, the Uttar Pradesh government has accorded highest priority to the industrial development and growth, which is evident from the fact that during the “Ground Breaking Ceremony” in July 2018, projects worth Rs.600 billion were inaugurated after 4 months of their announcements.

Another Ground Breaking ceremony is expected in December for Rs.600 billion worth of projects, Uttar Pradesh officials said.

Highlighting this, Satish Mahana, Minister for Industry said Uttar Pradesh offers excellent investment environment for national and international investors with availability of land, 24×7 access to power etc.

Sharing about the policy framework of Uttar Pradesh, Mahana underlined the Industrial Investment and Employment Promotion Policy of Uttar Pradesh 2017 which has been recently launched to not only to promote ease of doing business and business friendly environment but also to provide quality infrastructure for industries to flourish.

One such initiative on infrastructure is the coming of the Jewar Aiport, which would connect the State with rest of India and the world. It would be the largest international airport in India when completed in 2022. fiinews.com

Leave A Reply

Your email address will not be published.